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Indonesia's social security fund plans to double its investment in local stocks to 20% of its portfolio.
Indonesia's $48 billion social security fund, BPJS Ketenagakerjaan, plans to double its investment in local stocks to up to 20% of its portfolio within three years, aiming to capitalize on undervalued shares following recent market declines.
Currently, about $4.8 billion of its assets are in equities.
The fund will achieve this by reducing foreign investments.
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El fondo de seguridad social de Indonesia planea duplicar su inversión en acciones locales hasta el 20% de su cartera.